Mad Money

Cramer Remix: LendingTree could get a boost from lower interest rates

Key Points
  • LendingTree remains one of my favorites," CNBC's Jim Cramer says.
  • "There were some people shorting the stock. They got completely run over. They became roadkill. Good for Doug," the "Mad Money" host says.
Cramer Remix: LendingTree could get a boost from lower interest rates

LendingTree has been on a hot run to start off 2019, running more than 76% as of Wednesday.

The online lending marketplace also stand to benefit from low interest rates, which is good news for investors, CNBC's Jim Cramer said, giving his stamp of approval to CEO Doug Lebda.

"It remains one of my favorites," the "Mad Money" host said. "There were some people shorting the stock. They got completely run over. They became roadkill. Good for Doug."

Waiting to pounce

Traders work on the floor of the New York Stock Exchange.
Michael Nagle | Bloomberg | Getty Images

The bull will soon be ready to keep running now that the two-days of market sell-off is behind Wall Street, Cramer.

"To borrow a line from stock sage Johnny Nash: I can think clearly now the sell-off's almost gone. I can see all obstacles in my way — the Uber deal and the trade talks," the host said. "And without those dark clouds, we could be in for a bright, bright sunny bullish day."

After three days of volatility, and Tuesday's 473-point drop on the Dow Jones Industrial Average, Cramer said investors can soon start to plot new entry points to buy some stocks. Wednesday's session started strong before the Dow finished up just about 2 points, while the declined 0.16% and the Nasdaq Composite lost 0.26%.

The next two days could prove to be tough as Uber is set to go public and President Donald Trump plans to hike tariffs on Chinese imports on Friday. Cramer has been worried about how both of these events could impact the market in the short term.

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Last leg of the turnaround

Kevin Plank, CEO, Under Armour
Scott Mlyn | CNBC

Under Armour CEO Kevin Plank said Wednesday that he is optimistic as the company enters the last stages of a three-year transformation.

After expanding its global reach in the first quarter of 2019, the sports apparel maker is homing in on its North American business.

"Nobody's declaring victory. We need to grow in North America [if] we're gonna win," Plank told "Mad Money's" Jim Cramer. "We're glad we've been able to grow this global footprint around the world that has us in the position to reset ourselves here in North America and think about that next leg of growth."

The company is finding success in executing its four objectives for 2019 and getting its operational house in order, he said. Those objectives are to amplify the company's brand, optimize operations around premium products, build better connections to customers, and drive sustainable and long-term growth.

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Two-million likes

Todd Penegor, CEO, Wendy's
Scott Mlyn | CNBC

A tweet from rap artist Chance the Rapper sparked an outcry for a shelved product that was evidently once popular at Wendy's: spicy chicken nuggets.

The fast-food chain, known for its highly-engaged Twitter account and following, challenged its 3 million followers to prove that it wanted the cuisine to return. Sure enough, it happened.

"Within 48 hours, we had over 2 million likes and, as we promised, we told the [team] and told Chance the Rapper that we will be bringing spicy chicken nuggets back sometime in the very near future," CEO Todd Penegor said in an interview with Cramer.

They also covered the burger joint's positive earnings report Wednesday.

Catch the discussion here

More vegan burgers

Ulf Mark Schneider, CEO, Nestle
Scott Mlyn | CNBC

Nestle wants to expand its vegan burger reach with plans to introduce a meat alternative in the United States later this year, CEO Mark Schneider told CNBC Wednesday.

"We are deeply interested in the plant-based food area," he said in a sit down with Cramer. "I think we have a lot to show in this area."

Nestle, who last month announced its dive into the meat-free market, is focused on launching its Incredible Burger in eight European countries. The product is currently being carried in 1,500 outlets on the continent, including McDonald's, he said.

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Cramer's lightning round: I have no energy for these energy companies

In Cramer's lighting round, the "Mad Money" host answers questions about stocks in rapid speed.

Extended Stay Inc.: "It's got a decent yield, but you know what I'm not shying away, it's Marriott. Marriott with [CEO] Arne Sorenson. That's our play."

LendingTree Inc.: "Look, it's [CEO] Doug Lebda. I've known Doug for 20 years ... I think he's great. I think with lower interest rates, it remains one of my favorites. There were some people shorting the stock. They got completely run over. They became roadkill. Good for Doug."

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